Finance

Scotland could ‘lose our high streets as we know them’, retailers warn

2025-12-01 13:10
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Scotland could ‘lose our high streets as we know them’, retailers warn

The Scottish Retail Consortium (SRC) is pressing the Finance Secretary to introduce a discount on business rates.

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Scotland could ‘lose our high streets as we know them’, retailers warn

The Scottish Retail Consortium (SRC) is pressing the Finance Secretary to introduce a discount on business rates.

Nick ForbesMonday 01 December 2025 13:10 GMTRetailers have written to the Scottish Government (Isabel Infantes/PA)Retailers have written to the Scottish Government (Isabel Infantes/PA) (PA Archive)Breaking News

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Scotland is “one bad Budget away from losing our high streets as we know them”, the group representing retail businesses has warned.

The Scottish Retail Consortium (SRC) is pressing the Finance Secretary to introduce a discount on business rates when she reveals the Scottish Budget in January.

It comes after the Chancellor announced a 10% discount for retailers in England during her Budget last week.

Writing in the Herald, SRC director David Lonsdale said Scotland risks becoming a “materially less attractive investment option” due to the tax differences.

He said: “Ministers have proved fleet of foot on rates before, for example delivering more regular revaluations and ditching the mooted surtax on grocery stores.

“However, the warning is stark – we’re one bad Budget away from losing our high streets as we know them.”

Mr Lonsdale has also written to Finance Secretary Shona Robison, emphasising the role retailers play in improving footfall.

He said: “When a shop thrives, so does the cafe next door, the restaurant down the street, and the town and city centre around it.

“Maintaining competitiveness on business rates would also deliver on our shared government/industry vision of making ‘Scotland the best place in the UK to grow a retail business’.

“Given this, we implore you to back the economic viability of Scotland’s high streets in your Budget by introducing a permanent business rate discount for retailers from April which is at least as competitive as England’s discount.”

The Scottish Government has been approached for comment.

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